WASHINGTON-Members of NAFCU's Board and senior staff were scheduled to meet with Federal Reserve Board officials last Thursday, after deadline, to present federal credit union issues to the super-regulator. Attending the meeting with Fed Governor Laurence Meyer and as many as 10 senior level staffers were NAFCU President and CEO...

WASHINGTON-While banking representatives said they felt they did all they could to present clear privacy notices to consumers under the Gramm-Leach-Bliley Act (GLBA), improvements were a key focus of last week's workshop held by the GLBA regulators, including NCUA. The well-attended meeting was moved from the Federal Trade Commission Headquarters...

WASHINGTON-While predicting that up to another one million Americans could find themselves out of work over the next few months, CUNA Vice President of Economics and Statistics Mike Schenk told attendees at the Consumer Federation of America (CFA) conference in Washington, D.C. November 29, unemployment probably will not reach the...

ALEXANDRIA, Va.-NCUA Board Member Geoff Bacino has proposed the repeal of the Community Action Plan (CAP) as his recess term expires with the final recess of Congress. One senior official at the agency said it is a common belief around the halls of the agency that Bacino, with this move,...

WASHINGTON-Iowa State Senator JoAnn Johnson's (R) nomination to the NCUA Board through August 2, 2007 was added to the list up for Senate confirmation on Nov.27. However, her confirmation hearing has been held up because FBI agents are unavailable to perform her background check due to the September 11 events....

ALEXANDRIA, Va.-NCUA is taking the reigns in steering the credit union community toward serving the underserved, without creating greater regulatory burden. Regulatory benefits to credit unions designated as low-income are also helping credit unions reach out to more in their community. NCUA's Office of Credit Union Development (OCUD) noted a...

WASHINGTON-In withdrawing her name from the presidential nomination as chair of the Federal Housing Finance Board (FHFB), former NCUA Board member Shirlee Bown said the decision just made sense. Originally, Bown believed that she would be nominated to serve a full seven-year term. She ultimately realized that she would only...

ALEXANDRIA, Va.-Everything about NCUA Executive Director Len Skiles says U.S. Marine Corps: from the obvious antique, framed Marine Corps poster on the wall of his office and the Marine Corps coasters, to his short, neatly combed hair and finely pressed shirt. His pet bird can even whistle the Marine Corps...